Glonghui May 15 丨 Guoxin Securities's May 14 research report pointed out that Jiejie Microelectronics (300623.SZ) 1Q23 revenue increased 7.82% year-on-year, and profit levels were under pressure in the short term. Among them, thyristors and protective devices remain leading the way, and demand recovery is expected to restore profitability; MOSFETs continue to grow, and testing business is upgraded simultaneously; and R&D investment continues to grow to rapidly optimize product structures and manufacturing resources. Furthermore, it is expanding in multiple directions in fields such as planar small signal devices and optoelectronic coupling devices. The bank expects that the expansion of the company's MOSFET production and consumption recovery will inject momentum into the increase in profitability. The company is expected to achieve net profit of 406/503/663 million yuan (YoY +13%/24%/32%) in 23-25, corresponding to PE of 35/28/21 times respectively in 23-25, maintaining the “buy” rating.
研报掘金丨国信证券：捷捷微电Q1盈利水平短期承压，MOSFET保持增长 维持“买入”评级
Research Report Nuggets 丨 Guoxin Securities: Jiejie Microelectronics's Q1 profit level is under short-term pressure, MOSFET maintains growth and maintains a “buy” rating
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